20 fx A B C D E F G The following data relate to the operations of Aguilar Corporation, a wholesale distributor of consumer goods: Current Assets as of March 31: Cash 5,900 Accounts Receivable 37,700 Inventory 16,116 Buildings & Equipment, net 109,140 Accounts Payable 19,720 Capital Stock 100,000 Retained Earnings 49,136 B + a. Gross Margin percentage: 32% of sales 68% (i.e. this percentage is COGS) 5 b. Actual and budgeted sales data are as follows: 7 March (actual) 58,000 B April 79,000 9 May 82,000 0 June 77,000 1 July 69,000 2 3 C. 4 7 All sales are on account. 35% are collected in the month of sale while the other 65% are collected in the following month. The accounts receivable at March 31 are the result of March credit sales. R + = Given Tab Cash Collections H I Purchases $ Disbursements - Merch